[220 Pages Report] The global demand for concrete admixture is expected to rise at a healthy CAGR of 6.1% per year to US$ 15.1 billion in 2022, supported by the following:
| Attributes | Key Statistics |
|---|---|
| Global Concrete Admixture Market Estimated Size (2022E) | US$ 15.1 Billion |
| Projected Market Valuation (2032F) | US$ 27.4 Billion |
| Value-based CAGR (2022 to 2032) | 6.1% |
| Collective Value Share: Top 3 Countries (2022E) | 51% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
In the coming years, the residential requirements are expected to grow as a result of a growing middle class and government initiatives such as stricter requirements for contractor quality.
Several infrastructure development programs are expected to be undertaken in India, including the development of a home for every citizen (India Vision 2020, Planning Commission of India), the development of transportation infrastructure, and the creation of new megacities both in India and China.
This is likely to open up new opportunities for the concrete admixture market in the future. As a result of increasing prices of concrete admixtures chemicals coupled with a lack of awareness about the advantages of admixtures amongst the unorganized construction sector in the Asia Pacific and other developing regions, this has led to a lack of expansion of the concrete admixture market.
CAGR for the concrete admixtures market in the Asia Pacific region during the forecast period is expected to grow at the fastest rate. Rapid urbanization in the region is driving the growth of the concrete admixtures market. As a result of increasing government and private sector investments in infrastructure development, the construction market can be boosted.
Countries like India and China are expected to lead the construction industry's demand for concrete admixtures in the Asia Pacific region. Therefore, the construction industry has a huge potential for concrete admixtures.
Principal Consultant
Europe is another prominent and leading regional market that accounts for a majority of the demand for concrete admixtures in the global market. In the Europe concrete admixtures market, the growth is being driven by the increased adoption of these solutions in the global concrete admixtures market in the commercial construction process.
The concrete admixture market remains influenced by the effect of the waves of innovation brought in by key players. Players work on unique additives that can significantly increase concrete strength, durability, and compressive and flexural strength.
In this technology, synthetically manufactured crystalline calcium silicate hydrate (CSH) nanoparticles are suspended in a stable suspension to help CSH crystals to form between cement grains and to increase the moisture content of Portland cement.
While organic growth strategies are employed to capture the attention of end users, inorganic growth strategies are used by companies to capture a significant market share.
For instance, it has been reported that a CEMEX subsidiary, S.A.B. de C.V., entered into an agreement in January 2020 with Breedon Group (Breedon) to sell certain assets in the United Kingdom for a total price of approximately USD 235 million, which includes approximately USD 31 million in debt.
As a result of the sale of the active assets, 49 ready-mix plants, 28 aggregate quarries, four depots, one cement terminal, 14 asphalt plants, and four concrete products enterprises have been sold.
In addition, in December 2019, BASF and a subsidiary of Lone Star Partners, a global private equity firm, entered into a purchase agreement for BASF's Construction Chemicals business. On a cash-free basis, the purchase price amounts to EUR 3.17 billion.
According to a new research study published by Future Market Insights, the global concrete admixture market is anticipated to hold around 36.1% of the global construction chemicals market in the evaluation period.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Demand for concrete admixture grew at 5.2% CAGR between 2017 and 2021 and it is set to grow at a steady pace depending on the number of construction activities in various countries. Construction activities are likely to depend on a particular country’s investments in infrastructure development plans and the number of projects initiated by government bodies.
The global concrete admixture market is projected to showcase substantial growth at a CAGR of 6.1% over the assessment period. Increased need for novel infrastructures in emerging countries, rapid urbanization, and rising government initiatives to enhance the residential sector are expected to push the construction industry, thereby driving demand for concrete waterproof admixture.
The concrete admixture market is mainly driven by increasing use of water-reducing admixtures as conservation of water is requisite. It is estimated that about 17 percent of the water is used for direct purposes at construction sites, while 25 percent of water is used for indirect purposes.
On the other hand, water-reducing admixture can lower the water content by 15-30% in the concrete mix. Thus, high demand for water-reducing admixtures such as plasticizers and superplasticizers is driving the concrete admixture market.
In addition to providing great strength, durability, and a strong link between steel and concrete, plasticizers are excellent for removing water from concrete. Workability is a crucial property of concrete mixture quality. This has increased the demand for plasticizers in various parts of the globe. Additionally, plasticizers help in reducing cracking, bleeding, and segregation, which would aid growth.
Increasing use of ready-mix concrete and precast concrete are some of the other factors that would push demand for superplasticizers. Ready-mix concrete is often used in big infrastructure or building projects as it helps to improve the concrete's flowability.
The United Nations suggests that the global population is estimated to reach around 9.7 billion by 2050. This is anticipated to lead to rapid urbanization, including rising number of construction activities in both residential and commercial sectors.
Governments are further increasing their investments in the construction of public infrastructures to fulfill the population's rising demand for residential, commercial, and industrial construction, as well as for the development of their countries.
Further, developing countries are gradually inclining towards the development of smart city projects, which would propel sales of quick setting concrete admixture. Rising research and development activities by key players is also expected to create new growth opportunities in the market for concrete admixtures.
To make a structure appear more aesthetically pleasing, concrete is nowadays being poured into a formwork to simulate stones, bricks, tiles, and a variety of other materials. Concrete formwork technology has had a significant influence across the globe as it determines the structure of constructions even when they are being constructed.
Formwork is often left in place until the concrete has sufficiently dried to be removed. It takes almost 24–48 hours for walls, columns, and other structures to remove the form when using conventional concrete. Contrarily, addition of concrete admixtures in concrete improves several characteristics, including workability, durability, and early and final strengths.
This ultimately reduces the time taken for the concrete to set, thereby saving both money and time. Therefore, the market for concrete admixtures is anticipated to grow in the forecast period due to increasing use of fast setting concrete admixture in significant building projects, particularly in bridges and tunnels.
“Infrastructure Development Projects to Boost Need for Cement Waterproofing Additives”
Due to the rapid expansion of the construction industry, China is set to have the largest market for concrete admixtures. The government is consistently providing incentives to develop the infrastructure sector in China, which is mainly driven by the booming residential sector stoked by burgeoning middle-class population.
China is expected to utilize a substantial amount of concrete for the development of infrastructures, which would further trigger the demand for cement waterproofing additives. Significant investments are also being made in the country from both public and private firms, which is accelerating growth of the infrastructure sector and pushing its need for concrete admixtures.
“Liquid Admixture for Concrete to Exhibit High Demand in India”
The India concrete admixture market is anticipated to exhibit growth at a CAGR of 8.5% during the projected period. Growth is mainly attributed to increasing investments in infrastructure development projects and surging use of liquid admixture for concrete because of its ability to strengthen structure quality. Government agencies are also investing huge sums to accelerate the development of public and private infrastructure, which would aid growth.
Increasing urban population in metro cities across India is set to have a significant impact on economic growth of the country. Additionally, non-metro cities are expected to gradually follow novel development plans, which would lead to rapid urbanization, thereby representing both potential for growth and difficulties for many end-use sectors. As a result, urbanization is expected to play an important role in propelling the demand for concrete admixture in India.
Easy availability of cost-effective raw materials and increased spending on non-residential projects are a couple of other factors that would fuel the India market.
“Residential Sector to Extensively Use Air Entraining Admixture”
Based on application, the residential segment currently holds the highest concrete admixture market share of 62.3%. High demand for residential constructions with rising disposable income of consumers and increasing number of nuclear families globally is set to drive the segment.
The infrastructure segment, on the other hand, is anticipated to grow at a robust CAGR during the forecast period. Increasing number of infrastructure development projects in countries such as China, the U.S., and India on the back of government initiatives is likely to bolster growth.
Apart from that, the commercial and industrial segments are anticipated to grow at a steady pace by 2032 due to the ongoing development of education institutes, private offices, and manufacturing plants across the globe.
“Water-reducing Admixture to Showcase High Demand”
By type, the water-reducing admixture segment is expected to hold the highest share and exhibit a significant CAGR in the concrete admixture market during the forthcoming years. Increasing demand for water-reducing admixtures in the commercial and residential sectors due to their good water-reducing property is expected to spur growth.
Demand for accelerating admixture has also increased in recent years owing to their ability to reduce the initial setting time, which has extensive applications in residential constructions.
Furthermore, concrete admixtures such as waterproofing and air-entraining are exhibiting immense popularity worldwide. Waterproofing admixtures can reduce the overall maintenance cost and increase durability, as well as structure degradation.
Whereas, rising adoption of air-entraining and retarding admixture to withstand freezing and to set concrete quickly in high temperatures, respectively is fueling growth.
Key players in the concrete admixture market are focusing on adopting alternative distribution channels such as online channels, to strengthen their presence in various parts of the globe. The majority of the key players are aiming to innovate their products to reduce carbon footprint.
A few other companies are striving to expand their existing manufacturing sites and production capacities to cater to the ever-increasing consumer demand.
Some of the key industry developments are
| Attributes | Details |
|---|---|
| Estimated Market Size (2022) | US$15.1 Billion |
| Projected Market Valuation (2032) | US$ 27.4 Billion |
| Value-based CAGR (2022 - 2032) | 6.1% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (US$ Billion) and Volume (Kilo Tons) |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Russia, Poland, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, and South Africa. |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa. |
| Key Segments Covered | Type, Application, and Region |
| Key Companies Profiled | BASF SE; SIKA AG; GCP Applied Technologies; RPM International Inc.; Fosroc International; Mapei S.P.A; CICO Technologies; CHRYSO S.A.S; Pidilite Industries Ltd; Rhein-Chemotechnik GmbH; Weber Saint-Gobain; Polisan Kimya San. A.S; Shandong Wanshan Chemical Co. Ltd.; CEMEX SAB de CV |
| Report Coverage | Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives |
The concrete admixture market is anticipated to reach a valuation of US$ 15.1 Bn in 2022.
The concrete admixture market is anticipated to grow at a CAGR of 6.1% over the forecast period of 2022 and 2032.
The concrete admixture market witnessed growth at 5.2% CAGR between 2017 and 2021.
BASF SE, SIKA AG, GCP Applied Technologies, RPM International Inc., Fosroc International, Mapei S.P.A, and CICO Technologies are some of the leading players in the concrete admixture market.
China, the U.S., and India are the top countries driving the concrete admixture market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product innovation & Diversification
4.3. Marketing and Brand management
4.4. Supply Chain Management
5. Global Market Demand Analysis 2017-2021 and Forecast, 2022-2032
5.1. Historical Market Volume (KT) Analysis, 2017-2021
5.2. Current and Future Market Volume (KT) Projections, 2022-2032
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Regional Pricing Analysis by Type
6.2. Pricing Analysis by Regions
7. Global Market Demand (in Value or Size in US$ Bn) Analysis 2017-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Bn) Analysis, 2017-2021
7.2. Current and Future Market Value (US$ Bn) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global Economic Outlook
8.1.2. Global Chemical Industry Overview
8.1.3. Global Concrete Industry Outlook
8.1.4. Global Construction Chemical Outlook
8.1.5. Global Cement Production Outlook
8.1.6. Global Manufacturing Value Added
8.1.7. Other Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.2.1. GDP growth Outlook
8.2.2. Growth in Construction Industry
8.2.3. Growth in Infrastructure Sector
8.2.4. Global Construction Projects Overview
8.2.5. Impact of Pricing
8.2.6. Increasing Government Regulations
8.2.7. Other Forecast Factors
8.3. Supply-Demand Analysis
8.4. Value Chain Analysis
8.4.1. List of Manufacturers
8.4.2. List of Distributors
8.5. Market Dynamics
8.6. Impact of COVID – 19 Crisis
8.7. Key Regulations & Certifications
9. Global Market Analysis 2017-2021 and Forecast 2022-2032, by Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Type, 2017 - 2021
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Type, 2022 - 2032
9.3.1. Accelerating Admixture
9.3.2. Air Entraining Admixture
9.3.3. Retarding Admixture
9.3.4. Water Reducing Admixture
9.3.4.1. Plasticizers
9.3.4.2. Superplasticizers
9.3.5. Water Proofing Admixture
9.3.6. Others
9.4. Market Attractiveness Analyses, By Type
10. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Application, 2017 - 2021
10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Application, 2022 - 2032
10.3.1. Residential
10.3.2. Infrastructure
10.3.3. Commercial
10.3.4. Industrial
10.4. Market Attractiveness Analysis By Application
11. Global Market Analysis 2017-2021 and Forecast 2022-2032, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2017 - 2021
11.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2022 - 2032
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia & Pacific
11.3.6. Middle East & Africa
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2017-2021 and Forecast 2022-2032
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
12.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2022 - 2032
12.4.1. By Type
12.4.2. By Application
12.4.3. By Country
12.4.3.1. U.S.
12.4.3.2. Canada
12.5. Market Attractiveness Analysis
12.5.1. By Type
12.5.2. By Application
12.5.3. By Country
12.6. Market Trends
12.7. Drivers and Restraints Impact Analysis
13. Latin America Market Analysis 2017-2021 and Forecast 2022-2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
13.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2022 - 2032
13.4.1. By Type
13.4.2. By Application
13.4.3. By Country
13.4.3.1. Brazil
13.4.3.2. Mexico
13.4.3.3. Rest of Latin America
13.5. Market Attractiveness Analysis
13.5.1. By Type
13.5.2. By Application
13.5.3. By Country
13.6. Market Trends
13.7. Drivers and Restraints Impact Analysis
14. Europe Market Analysis 2017-2021 and Forecast 2022-2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
14.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2022 - 2032
14.4.1. By Type
14.4.2. By Application
14.4.3. By Country
14.4.3.1. Germany
14.4.3.2. Italy
14.4.3.3. France
14.4.3.4. U.K.
14.4.3.5. Spain
14.4.3.6. BENELUX
14.4.3.7. Russia
14.4.3.8. Rest of Europe
14.5. Market Attractiveness Analysis
14.5.1. By Type
14.5.2. By Application
14.5.3. By Country
14.6. Market Trends
14.7. Drivers and Restraints Impact Analysis
15. East Asia Market Analysis 2017-2021 and Forecast 2022-2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
15.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2022 - 2032
15.4.1. By Type
15.4.2. By Application
15.4.3. By Country
15.4.3.1. China
15.4.3.2. Japan
15.4.3.3. South Korea
15.5. Market Attractiveness Analysis
15.5.1. By Type
15.5.2. By Application
15.5.3. By Country
15.6. Market Trends
15.7. Drivers and Restraints Impact Analysis
16. South Asia & Pacific Market Analysis 2017-2021 and Forecast 2022-2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
16.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2022 - 2032
16.4.1. By Type
16.4.2. By Application
16.4.3. By Country
16.4.3.1. India
16.4.3.2. ASEAN
16.4.3.3. ANZ
16.4.3.4. Rest of South Asia & Pacific
16.5. Market Attractiveness Analysis
16.5.1. By Type
16.5.2. By Application
16.5.3. By Country
16.6. Market Trends
16.7. Drivers and Restraints Impact Analysis
17. Middle East and Africa Market Analysis 2017-2021 and Forecast 2022-2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021
17.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2022 - 2032
17.4.1. By Type
17.4.2. By Application
17.4.3. By Country
17.4.3.1. GCC Countries
17.4.3.2. Turkey
17.4.3.3. Northern Africa
17.4.3.4. South Africa
17.4.3.5. Rest of Middle East and Africa
17.5. Market Attractiveness Analysis
17.5.1. By Type
17.5.2. By Application
17.5.3. By Country
17.6. Market Trends
17.7. Drivers and Restraints Impact Analysis
18. Country Wise Market Analysis
18.1. U.S. Market Analysis
18.1.1. By Type
18.1.2. By Application
18.2. Canada Market Analysis
18.2.1. By Type
18.2.2. By Application
18.3. Mexico Market Analysis
18.3.1. By Type
18.3.2. By Application
18.4. Brazil Market Analysis
18.4.1. By Type
18.4.2. By Application
18.5. Germany Market Analysis
18.5.1. By Type
18.5.2. By Application
18.6. Italy Market Analysis
18.6.1. By Type
18.6.2. By Application
18.7. France Market Analysis
18.7.1. By Type
18.7.2. By Application
18.8. U.K. Market Analysis
18.8.1. By Type
18.8.2. By Application
18.9. Spain Market Analysis
18.9.1. By Type
18.9.2. By Application
18.10. Russia Market Analysis
18.10.1. By Type
18.10.2. By Application
18.11. BENELUX Market Analysis
18.11.1. By Type
18.11.2. By Application
18.12. China Market Analysis
18.12.1. By Type
18.12.2. By Application
18.13. Japan Market Analysis
18.13.1. By Type
18.13.2. By Application
18.14. S. Korea Market Analysis
18.14.1. By Type
18.14.2. By Application
18.15. India Market Analysis
18.15.1. By Type
18.15.2. By Application
18.16. ASEAN Market Analysis
18.16.1. By Type
18.16.2. By Application
18.17. GCC Countries Market Analysis
18.17.1. By Type
18.17.2. By Application
18.18. Turkey Market Analysis
18.18.1. By Type
18.18.2. By Application
18.19. South Africa Market Analysis
18.19.1. By Type
18.19.2. By Application
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies [Concrete Admixture]
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Apparent Production Capacity of Top Players
19.5. Market Presence Analysis
19.5.1. By Regional Presence
19.5.2. By Product Footprint
20. Competition Analysis
20.1. Competition Dashboard
20.2. Primary Survey Analysis
20.3. Competition Deep Dive
20.3.1. BASF SE
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Key Financials
20.3.1.4. Sales Footprint
20.3.1.5. Strategy Overview
20.3.2. SIKA AG
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Key Financials
20.3.2.4. Sales Footprint
20.3.2.5. Strategy Overview
20.3.3. GCP Applied Technologies
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Key Financials
20.3.3.4. Sales Footprint
20.3.3.5. Strategy Overview
20.3.4. RPM Internation Inc
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Key Financials
20.3.4.4. Sales Footprint
20.3.4.5. Strategy Overview
20.3.5. Fosroc International
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Key Financials
20.3.5.4. Sales Footprint
20.3.5.5. Strategy Overview
20.3.6. Mapei S.P.A
20.3.6.1. Overview
20.3.6.2. Product Portfolio
20.3.6.3. Key Financials
20.3.6.4. Sales Footprint
20.3.6.5. Strategy Overview
20.3.7. CICO Technologies
20.3.7.1. Overview
20.3.7.2. Product Portfolio
20.3.7.3. Key Financials
20.3.7.4. Sales Footprint
20.3.7.5. Strategy Overview
20.3.8. CHRYSO S.A.S
20.3.8.1. Overview
20.3.8.2. Product Portfolio
20.3.8.3. Key Financials
20.3.8.4. Sales Footprint
20.3.8.5. Strategy Overview
20.3.9. Pidilite Industries Ltd
20.3.9.1. Overview
20.3.9.2. Product Portfolio
20.3.9.3. Key Financials
20.3.9.4. Sales Footprint
20.3.9.5. Strategy Overview
20.3.10. Rhein-Chemotechnik GmbH
20.3.10.1. Overview
20.3.10.2. Product Portfolio
20.3.10.3. Key Financials
20.3.10.4. Sales Footprint
20.3.10.5. Strategy Overview
20.3.11. Weber Saint-Gobain
20.3.11.1. Overview
20.3.11.2. Product Portfolio
20.3.11.3. Key Financials
20.3.11.4. Sales Footprint
20.3.11.5. Strategy Overview
20.3.12. Polisan Kamya San. A.S
20.3.12.1. Overview
20.3.12.2. Product Portfolio
20.3.12.3. Key Financials
20.3.12.4. Sales Footprint
20.3.12.5. Strategy Overview
20.3.13. Shangdong Wanshan Chemical Co. Ltd.
20.3.13.1. Overview
20.3.13.2. Product Portfolio
20.3.13.3. Key Financials
20.3.13.4. Sales Footprint
20.3.13.5. Strategy Overview
20.3.14. CEMEX SAB de CV
20.3.14.1. Overview
20.3.14.2. Product Portfolio
20.3.14.3. Key Financials
20.3.14.4. Sales Footprint
20.3.14.5. Strategy Overview
Note: List of companies is preliminary in nature and not an exhaustive list. It may be further augmented and refined during the course of research study.
21. Assumptions and Acronyms Used
22. Primary Survey Analysis
23. Research Methodology
Explore Chemicals & Materials Insights
View Reports
Concrete Admixture Market
